After Exxon Mobil Corp. mounted a campaign to warn U.S. officials that prematurely halting work with Russian oil giant Rosneft on an exploratory oil well could foul the Arctic, the Obama administration last week gave the company a two-week reprieve from sanctions on Russia.

Some analysts and investors worry that oil companies will not spend enough either to sustain growth in their core businesses, or to open options in alternative energy sources for a world in which oil and gas consumption is constrained by climate policy or high prices.

Shell и Total продолжат работу в России, несмотря на санкции

Thailand's top oil and gas explorer, PTT Exploration and Production Pcl, has agreed to acquire a 20 percent stake in Brazilian offshore oil and gas concession BM-ES-23 from Royal Dutch Shell for an undisclosed sum.

By allowing international companies such as Exxon, Royal Dutch Shell, Halliburton, and Schlumberger to carry on their pumping, the White House and its European allies assured stability in global oil markets and in the prices consumers pay for gasoline.

AWE, Origin in Huge Western Australia Gas Find AWE Said it Could Be Largest Onshore Natural-Gas Discovery in Western Australia for 50 years

Gazprom Neft looks to alternative suppliers to sidestep sanctions impact

Shell hopes third time’s a charm as it eyes European LPG asset sale

ConocoPhillips plans to auction 24 pct stake in Clair oilfield

U.S., EU Widen Sanctions on Russia